The Following Are Disadvantages of Which Form of Business Ownership

question 106

Multiple Choice

The following are disadvantages of which form of business ownership: unlimited liability,management conflict potential,and less independence?

• A) Sole proprietorships
• B) Partnerships
• C) Corporations
• D) Mergers

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Definitions:

Detached

Emotional disengagement or maintaining an objective view without personal involvement or attachment.

Own Resources

Refers to the personal capabilities, assets, or strengths that an individual can draw upon when needed.

Great Need

Great Need refers to a critical requirement or an urgent desire that deeply influences actions and decision-making processes within individuals or societies.

Privacy

The right or state of being free from unwanted intrusion into one's personal affairs or spaces.